402 N 4th Ave E, Truman, MN 56088 Property Records

Martin County property record for 402 N 4th Ave E, Truman, MN 56088

Property Summary

Property TypeCare Home (Retirement, Nursing, Convalescent)
Details23,464 sqft · built 1982
Lot Size0.4 acres (17,424 sqft)
OwnerCompany Name on Record
Last Sale$4,013,200 (Sep 2009)
Tax Bill$15,598 (2025)
Deeds & MortgagesDec 2017 Mortgage
APN41.040.0320

Property Details

APN / Parcel Number

Primary APN41.040.0320

Interior

Units31 Units
Stories2 Stories
Building Area23,464 sqft Total Area
1st Floor Area11,732 sqft
FlooringCarpet
Interior WallsWallboard/Drywall

Exterior

Year BuiltBuilt 1982
Effective Year BuiltEffective 1982
Architectural StyleMulti-Family
Exterior MaterialWood
Construction TypeMasonry / Concrete Block
Roof TypeGable/Hip
Roof MaterialBuilt-Up Asphalt
Lot Area17,424 sqft (0.4 acres)
Garage Area4,624 sqft
Parking Spaces15 Parking Spaces

Utilities, Heating & Cooling

Cooling SystemRefrigeration
Heating SystemSteam

Location & Zoning

Street Address402 N 4TH AVE E
CityTRUMAN
StateMN
Zip56088-1135
Property CategoryCommercial
Property TypeCommercial > Retail > Care Home (Retirement, Nursing, Convalescent)
Legal DescriptionSECT-09 TWP-104 RANGE-030 UNPLATTED PART OF 5.54AC N1/2 NE1/4 NE1/4 & AP N195' (W EX) & TAX EXEMPT LOTS IN RUCKS 4TH & 5TH
Legal Range030
Legal Township104
Legal Section09
Legal SubdivisionUNPLATTED
JurisdictionMARTIN MN
Township / Civil DivisionTRUMAN
Census Block Group3
Census Block3012
Census Tract790100

Owner

Source: Martin County records, as of August 3, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address400 N 4TH AVE E, TRUMAN, MN 56088-1108
Owner TypeCompany
VestingLife Tenant

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleSep 2, 2009 · Amount on Record
Deed SaleSep 2, 2009 · Amount on Record
Deed Document Number2009400796
Prior Transfer DateAug 31, 2009
Prior Transfer Doc2009400795
Record UpdatedSep 20, 2026

December 2017: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARTIN MN
Property Address402 N 4TH AVE E, TRUMAN, MN 56088-1135
Transaction TypeMortgage
Record UpdatedSep 20, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number2017R435592
DateDec 29, 2017
Instrument2017R-435592
Lender
NamePROFINIUM FINANCIAL INC
TypeFunding / Finance Company
AddressTRUMAN, MN 56088
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Interest
Rate TypeAdjustable Rate
Change FrequencyMonthly

Tax Assessment & Valuation

Source: Martin County assessment roll, as of August 3, 2026

Property Jurisdictions

TypeName
StateMinnesota
CountyMartin County
MunicipalityTruman City
Unified School DistrictTruman Public School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$662,500 (-1.56%) Land $3,200 Building $659,300$662,500 (-1.56%) Land $3,200 Building $659,300
2025$15,598.00 (+22.84%)$673,000 (+5.78%) Land $3,200 Building $669,800$673,000 (+5.78%) Land $3,200 Building $669,800
2023$636,200 Land $3,200 Building $633,000$636,200 Land $3,200 Building $633,000
2022$12,698.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer

FEMA Flood ZoneNot on file

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 99.1% of the US · lower than 96% of Minnesota
Wildfire LikelihoodUnder 0.01% annual chance
ExposureDirect
burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemTruman
serves 1,115 people · EPA ID MN1460010
Water SourceGroundwater
Last State InspectionAug 2023
LeadUnder 1 ppb (2021–2023)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 43 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Bevcomm
Fiber
1,000 / 1,000
GigFire
Fixed Wireless
150 / 130
Midco
Fixed Wireless
100 / 20

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